Sui gained more than 10% market value in 24 hours because this crypto project keeps growing its products for finance and gaming operations. Sui’s market cap growth comes from new partnerships and boosted staking rewards combined with strong positive online social media comments reaching their highest levels since September.

Since last five months Sui’s value has grown by a strong 259%. Anxiety to not participate in opportunities can cause problems for sustainable price growth. Fast price growth brings sudden market corrections that threaten investor funds.

https://twitter.com/santimentfeed/status/1889927219037790273?ref_src=twsrc%5Etfw

Sui Attracts DeFi Projects

Sui network activity with stablecoins greatly contributed to its recovery. Overall demand for stablecoins on Sui hit $500 million according to DefiLlama statistics which demonstrated new investors entering the platform. More people start using and investing on the platform because it attracts their attention.

Sui’s expansion becomes evident through its growth in derivatives market activity. The funding rate for Sui turned positive after setting this mark for seven days while interest in trading contracts surged to $451.3 million. Traders feel confident in their signals which supports the price of the token going up.

The tokenattracts DeFi projects and gaming developers through its low fee structure and fast processing because it links web3 technology to web2 basics. The asset strengthened its market standing through important partnerships such as Franklin Templeton, Grayscale, Libre Capital, and Copper.

Business growth for the token remains unclear because its success depends on future market behavior. Experts in investments and analytics will monitor market signs to understand if the current price surge can remain.